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Cardboard bicycle made of low-cost recycled materials planned by Cardboard Technologies, seeks capital with Indiegogo campaign

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Cardboard bicycle made of low-cost recycled materials planned by Cardboard Technologies, seeks capital with Indiegogo campaign

June 25, 2013 - 08:58
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TEL AVIV, Israel, June 25, 2013 (Business Wire) -Cardboard Technologies (IGCT), innovators in the cleantech industry, announced the launch of an Indiegogo campaign to secure capital for the initial production line of the cardboard bicycle. The cardboard bike is the first of its kind; made of recycled cardboard, plastic bottles and used car tires, the cost of materials is estimated at a mere $9 to $12.

Although made primarily of cardboard, the bicycle is durable, fire and water resistant, and can support more than 400 pounds. Cardboard Technologies' industrial and environmental game-changing innovation will reach both consumers and enterprises because it uses Post-Market Resources (recyclable waste) to create useful, affordable everyday products.

"Imagine a time when every plastic or cardboard product that is thrown into the recycle bin will contribute to the creation of a bicycle, wheelchair or toy," says Israeli engineer and inventor of the cardboard bike, Izhar Gafni. "Basically the idea is like Japanese origami, but we don't compress the cardboard and we don't break its structure. We overcome the cardboard's failure points, by spreading out the weight to create durability."

Today, manufacturers are legally obligated under U.S. law to recycle the packaging of products. Cardboard Technologies' ecological revolution will allow manufacturers to turn excess packaging into high-quality products at extremely affordable prices, enabling an additional, environmentally friendly and energy-efficient source of income.

According to CEO Nimrod Elmish, "This is the literal interpretation of the saying ‘one man's garbage is another man's treasure.' Our product not only uses garbage to create something of value, but also helps in building a recycling culture in developing countries."

Cardboard Technologies passed on several equity investment offers from entities that prioritized financial values over social values. According to Jeff Swartz, former President and Chief Executive of the Timberland Company and Cardboard Technologies' lead investor, "IGCT innovations seem to me to represent a unique opportunity for Moral Capitalism in action-environmental innovation that delivers a superior product that is good for consumers and good for society. I am proud to be associated with this team."

To allow as many people as possible to be a part of this green revolution, Cardboard Technologies is launching an Indiegogo campaign. The funds raised will allow IGCT to establish the first cardboard bicycle production line, thereby creating jobs, affordable transportation and a cleaner environment. For the people, by the People.

To learn more about the revolutionary cardboard bicycle and to help Cardboard Technologies make this vision a reality, check out the Indiegogo campaign: http://www.indiegogo.com/projects/the-cardboard-bike/x/3692332.

About Cardboard Technologies

Cardboard Technologies aims to breathe new life into recycled cardboard by transforming it into useful products. The company envisions factories that will clean the streets of garbage, create jobs and provide mobility that is affordable, eco-friendly and cool.